I've had mine for almost a month now. I learned a LOT flying a $40 hubsan x4. I love the new hobby but as others have stated, it will be ruined by someone doing things they shouldn't(ie. commercial airliner crashing because of one).
What version is that? I have a Phantom 1 and have had decent success with 10 minute batteries I got for $23 on amazon. Use a timer/stopwatch when flying. Learn how to calibrate it. I would fly with and without a payload to learn the flying times.
I haven't added much to my site lately since I got the quad but here are a few pics and a stupid video I put together filming a pond full of geese:
My work:
My parents place:
Goose vid:
https://vimeo.com/116439265
see sig for my gopro videos I've made(only 60 seconds long).